DWAC shareholders & Trump approve merger then fake news LONG

AwesomeAvani Updated   
DWAC voted to merge with former presidental Trump social media enterprise. Then a CNBC staff

writer has an article:

Donald Trump told followers, “I LOVE TRUTH SOCIAL” — but shareholders in the newly merged company that will own that social media app might not feel so great.
The shell company Digital World Acquisition Corp. saw its share price plunge nearly 14% in the hours following shareholder approval Friday morning of a merger with the former president’s social media company to take it public.
The drop could reflect concerns about whether Trump Media & Technology Group, which is being merged with DWAC, can ultimately deliver significant revenue — and whether Trump will try to cash in on his share early because of his many legal problems.

My review of the chart is that DWAC underwent normal volatility going into a merger vote

without complications. The volatility is healthy and traders/investors are contesting fair

value. Share price is the same as it was two weeks ago. Astute traders may consider this a

discount move for a long position. Trump is a majority shareholder. Of course, a buy of shares

benefits both the buyer and Trump in stabilizing market cap which has slowly fallen. He

cannot sell shares to fund legal proceedings and their costs for six months. The writer

who I have not named, in my opinion only, does not know jack____. He is simply trying

to put up a headline gets some reading volume and capitalize on it. He should get

one of the stock analysts that consult on his network to give him an education and then

publish a retraction. The headline might be " This clueless writer but out fake news and

is now better informed. He apologizes to the subjects of that fake news"

Enough said.
ZOOM in price action
Trade active:
Trade active:
DAC had a nice pump this morning and has ascended to the upper trendline resistance which appears to be rejecting it. Expect a move down the remainder of the day. The majority shareholder got great news today linked here and likely
on the truth website as well. Watching the float and shorts volume. Scalping the
backside of the action.
RELEVANT NEWS hot off the wire:
Price action busy this afternoon. Maybe pushing for 50.
Trade active:
Popped over 50 then afternoon fade- will enter again at closing bell to catch
the after-hours action.

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